Relief from penalties (known as a penalty abatement request) generally falls into one of four categories:
- Reasonable Cause is based on all the facts and circumstances in each situation and allows the IRS to provide relief from a penalty that would otherwise be assessed.
- Statutory Exceptions: Tax legislation and the Internal Revenue Code may provide an exception to a penalty. We can perform the research to see if such relief is applicable to your situation.
- Administrative Waivers: This may occur in situations where there is a delay by the IRS such as in the issuance of revised tax forms, publishing guidance or other conditions.
- Correction Of Service Error: IRS can occasionally make an error in computing or assessing the tax. When identified by the taxpayer or a tax professional, IRS errors can be abated.
With our experienced representation, the IRS will consider proper and complete requests for penalty abatement (relief).
A simple penalty abatement request that is sent generally will not be sufficient. Most insufficient abatement requests are rejected.